Oil prices fell when traders focused on alleviating tensions in the midst and rising US stock. Brent -ruol dropped below $ 66 a barrel after scoring a more than 1% increase on Wednesday, while Western Texas -Tussentage rough has finished nearly $ 62. US President Donald Trump said that Israel and Hamas agreed to conditions for the release of all hostages still held by the movement in Gaza, which is a major breakthrough in the efforts to end the war that has been going on for two years. US stock rises and demands decline. Official data released on Wednesday showed that US crude oil stocks rose for the second week in a row, despite the fact that they left almost seasonal low levels. On the other hand, the quantities stored at the Cushing Center in Oklahoma have decreased, just like the shares of refined products. Crude oil is still in the face, in light of the expectations of increased supplies, either of the OPEC+ Alliance or from the countries of the US continent. Also read: OPEC+ increases supplies by increasing oil production by 137,000 new barrels. Despite the decline in geopolitical risks in the Middle East, there is still tension in other regions, as the Ukrainian attacks that target the Russian oil infrastructure affect the flow flow. Wall Street banks and a number of institutions, including the international energy agency, expect the market to turn into surplus in the coming months. Among these expectations, Goldman Sachs expected the average price of Brent crude oil to reach about $ 56 a barrel next year, with the world production exceeding demand levels.
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